https://www.taxtmi.com/caselaws?id=756968 A writ petition sought directions requiring RBI to enquire into an NBFC's affairs, order a special audit, remove its board, and take protective measures under the RBI Act. The Delhi HC noted prima facie concern over the company's management and alleged financial improprieties, but held that the issues required deeper examination in light of pending NCLT and NCLAT proceedings. It therefore confined itself to issuing notice and seeking an updated status report, while expressly stating that no opinion was being expressed on the merits of the petition or the overlapping proceedings. en-us Wed, 24 Jul 2024 00:00:00 +0530 Mon, 12 Aug 2024 20:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=756968 A writ petition sought directions requiring RBI to enquire into an NBFC's affairs, order a special audit, remove its board, and take protective measures under the RBI Act. The Delhi HC noted prima facie concern over the company's management and alleged financial improprieties, but held that the issues required deeper examination in light of pending NCLT and NCLAT proceedings. It therefore confined itself to issuing notice and seeking an updated status report, while expressly stating that no opinion was being expressed on the merits of the petition or the overlapping proceedings. Case-Laws Companies Law Wed, 24 Jul 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=756968